Monday, 22 August 2016

Nifty's trend (21st Aug ,2016)

Dear Friends, Good morning

My Indicators are showing a very amusing signal that NIFTY has all the possibility of crossing 8850-8923 range , this time......even if 8526 is intact.....!  So the range is clearly toned to 8511 on lower level & 8923 on higher range....! - This is for an upper level...!

On the flip side,  if 8511 is broken & closing is happened below 8470 , correction can be upto 8260 range...!


It is too early to predict on expiry at this point..... Let us wait and watch whether it can surprise everyone by crossing 8721 and  cross 8850 range....Or can it be surrender towards 8500....!


Will catch you back soon..!

With kind regards,

Rishi





10 comments:

  1. Many many thank you for your updation sir.

    ReplyDelete
  2. Thanks for the info ....sir ...

    Om siva siva om....

    ReplyDelete
  3. Thanks for the update sir,

    Venugopal Marimuthu Mumbai 400088.

    ReplyDelete
  4. Thank you lot for updates & praying HIS/HER Blessings to exit 24/25 entries with good align by this week.

    ReplyDelete
  5. Thanks for the update Rishi Sir.

    ReplyDelete
  6. Good morning Rishi Sir. It will be surrender towrds 8500 after that to 9000.

    ReplyDelete
  7. thank you Rishi. I guess it may touch 8540 first and then furiously come back and break 8721. After taking a breather at 8777, it may hit 8900 in 2 weeks.

    ReplyDelete
  8. It looks like Nifty plays with traders testing their patience. What a grand consolidation going on!!
    This remembers us the level between 7700 to 7900 a few months back. After testing so much patience it started from 7750 and ended with 500 points up in 4 days.

    ReplyDelete